Entries by Aoife Ross

Attracting Skilled Staff with Benefits

A benefits package plays a crucial part of attracting and retaining great staff. There are skills and labour shortages in the construction sector and these shortages are for both professionals, such as project managers and quantity surveyors and for tradespeople and general operatives. Attract and Retain Considering these shortages, it becomes all the more critical […]

Life Cover and Covid-19

The last few months have been a stressful time for humanity. The mental load of worries and concerns arising from Covid-19 are many and varied. Humans are resilient and while we adjust to our new ways of working, shopping and restricted travel, there are still new worries arising for many of us as pandemic lingers […]

Financial Guidance During a Crisis

During this Covid -19 pandemic, one thing is certain and that is that nothing is certain and stock markets do not like uncertainty. Over the last few weeks, we have witnessed the shortest sharpest shock to the stock market in history. World Equities fell by close to 30% YTD to 23 March 2020. It is […]

Planning for your retirement?

We mean two things when we talk about planning for retirement.  The first plan is to set up a pension scheme, either a personal pension or participation in your employer sponsored occupational pension scheme.  Then you will need to regularly contribute, throughout your working life with the aim of accumulating a pot of money, which […]

Protect your finances – save for the future!

In October this year, the Construction Industry Federation (CIF), ran another successful Safety Week. This week each year serves as a reminder about the health and safety of everyone involved in Construction.  The message is ultimately about providing people with all of the relevant information available to enable them to protect themselves. Protecting your finances […]

Is Life Cover Important?

Mortgage Protection Versus Life Cover I frequently get asked this by clients and friends alike…they go on to say “I have mortgage protection anyway, sure that’s the same thing right?” Yes, and No. Mortgage Protection is indeed Life Cover. It will pay off any outstanding balance on your mortgage if you die and it is […]

Increasing the Age of Retirement in Ireland

The State Pension has been in the news a lot in the last week. With all the news circulating, it’s fair to ask what is actually happening. In this post, we look at what is going on with the State Pension. From 2021, the age at which a person becomes entitled to collect the State […]

The Benefits of reading your benefit statement

If you have a pension plan do you read and understand your annual benefit statement? It’s vital to review it as this could unlock some benefits to help your finances. In Milestone Advisory, I spend the majority of my time with clients who are approaching retirement or who have already reached this particular milestone.  This […]

Protecting your Finances

Protecting You, Your Family and Your Future Health and Safety is vital in the construction sector. Protecting your finances is also an important part of your future planning.  The way to protect your finances is to save for the future and insure against the unexpected. It is that simple. But it gets complicated as there […]

Taking Control of your Pension Planning

It’s time to take control of your pension planning. If you haven’t already started saving for retirement, it’s not too late. The current tax relief available within the pension framework was designed to allow older people save more money. As you can see from the table below, from age 50 the percentage of your salary on […]

Life After Career

Taking a holistic approach While the role of the financial adviser is to focus on the money, sometimes the planning phase can raise other issues a client has not previously considered. In the pre-retirement financial planning phase, it is beneficial to take a holistic approach, so that along with diligently saving money, you also make […]

Attracting and Retaining Staff

The “2018 National Skills Bulletin”, published by SOLAS, makes for interesting reading if you are running a company; you need to know what is in store for the labour market in your sector. If you are a parent with kids pondering their choices for the CAO – it is also worth a read.  It may […]

What’s your financial plan for 2019?

This year, it’s time for us all to think about planning for the next 20 years rather than just on the year ahead when it comes to planning for our retirement. At this time each year, I would usually write nine things to do better in 2019 or alternatively, what is the outlook for 2019 […]

Tax Relief through Pensions

For most people, paying less tax is desirable. Paying less tax through tax relief schemes is possible and it’s a great way to help yourself in the future. It’s that time of the year again when financial advisers and accountants are focused on ensuring their clients maximise the tax reliefs available through pension savings. If […]

The Need to Defuse the Pension Time Bomb

What is the pensions time bomb? In a short, it’s the unavoidable shortfall between pension requirements and the State’s ability to pay it. Excluding public sector workers, who have close to full pension coverage, the private sector figure is only approximately 37% coverage. This means that nearly two-thirds of private sector workers are reliant on […]

The need for mandatory pensions in Ireland

If you follow my regular advice column in Construction Magazine, you’ll note that there is a heavy bias towards retirement planning.  As a Financial Advisor for the construction sector, I meet many members of the sector’s two big schemes, CERS and the Construction Workers Pension Scheme. My concern is that private pension coverage in Ireland […]

A Guide to Key Person Cover

Did you know that if you are a business owner, there is a way to protect your business in the event of the death or serious illness of an important member of your team?

Irish Construction Industry Awards 2018

The team in Milestone Advisory are proud to be Gold Sponsors at the Irish Construction Industry Awards held in City West on Thursday 14th June 2018. The Irish Construction Industry Awards recognises and rewards companies who strive for excellence. As the leading provider of financial advice for the construction sector, we think it is fitting […]

The construction sector is ahead of the game

Covering workers for pension, sick pay and death in service Many of you may already be familiar with the Sectoral Employment Order (SEO), for the construction industry, this was the first SEO announced in October 2017 and written into law by the Minister of State at the Department of Business, Enterprise and Innovation. This SEO […]